22 Mar, 2024 UK lays out six-month process to choose critical third parties By Raza Naeem Jimi Piggott-Bader Simon Treacy Businesses that support the UK financial services sector may be designated as a “critical third party” under incoming rules. The...
14 Mar, 2024 UK unveils measures to curb de-banking By Harry Eddis Jean Price Frances Hodgkins Arjun Lakhani Olivia Murphy Bethan Poole Simon Treacy +4 more... Show less New draft legislation shows how banks and other firms will have to give customers more info when ending payment contracts. The reforms,...
12 Mar, 2024 UK plans to slow down payments where fraud is suspected By Harry Eddis Jean Price Frances Hodgkins Arjun Lakhani Olivia Murphy Bethan Poole Simon Treacy +4 more... Show less Banks and other firms will be able to delay processing payments where there are grounds to suspect fraud, according to draft legislation...
11 Mar, 2024 UK opens door to some cryptoasset exchange-traded products By James Morris Simon Treacy The Financial Conduct Authority has indicated that it would consider requests to create cryptoasset exchange-traded notes. The move...
05 Mar, 2024 FCA outlines its approach to enforcing critical third party regime By Raza Naeem Simon Treacy Tech firms that support financial services should note a new consultation from the Financial Conduct Authority. The FCA, along with the...
04 Mar, 2024 FCA continues its focus on wind-down plans By Olivia Murphy As any payments firm who has applied (or is applying) for authorisation in the UK will know, a key aspect of an authorisation application...
26 Feb, 2024 ECJ confirms AG opinion on boundary between payment services and e-money issuance By Andreas Van Impe Simon Treacy A ruling from the European Court of Justice helps to draw a line between the regulated activities of providing payment services and...
25 Jan, 2024 Payments in 2024 #4 – Coin money: Fitting stablecoins into regulation By Harry Eddis Jean Price Frances Hodgkins Arjun Lakhani Olivia Murphy Bethan Poole Simon Treacy +4 more... Show less Whether they see stablecoins as a potential competitor or new product line, payments firms have a stake in how stablecoins and similar...
24 Jan, 2024 Payments in 2024 #3 – Fighting back: A milestone year for tackling payment fraud By Harry Eddis Jean Price Frances Hodgkins Arjun Lakhani Olivia Murphy Bethan Poole Simon Treacy +4 more... Show less Fraud is the most common crime in England and Wales. Not only are payment service providers on the front line when it comes to preventing...
23 Jan, 2024 Payments in 2024 #2 – Better safe than sorry: Payments firms face changes to safeguarding rules By Harry Eddis Jean Price Frances Hodgkins Arjun Lakhani Olivia Murphy Bethan Poole Simon Treacy +4 more... Show less Last year the Financial Conduct Authority told payments firms that their “top priority” should be ensuring that their customers’ money is...
20 Dec, 2023 The PSR's final decision on fighting APP scams has landed By Olivia Murphy The Payment Systems Regulator's policy statement on its new reimbursement requirement for victims of APP fraud has landed right before...
15 Dec, 2023 ESAs release second batch of DORA level 2 standards By Raza Naeem Jimi Piggott-Bader Simon Treacy The EU’s Digital Operational Resilience Act starts to apply in January 2025. Before then the European Supervisory Authorities need to put...
13 Dec, 2023 Financial Regulation Legal Outlook 2024 By Rakhee Pattani Our Financial Regulation Outlook 2024 explores the key regulatory developments that we expect to see in the Banking, Asset Management and...
23 Nov, 2023 Three ways in which the Future of Payments Report could change UK payments By Simon Treacy Saurabh Gupta In the summer the government commissioned an independent review of the UK payments industry. Now that the report has landed we pick out...
21 Nov, 2023 Recommending consistency: IOSCO finalises its policy recommendations for crypto By Simon Treacy Jamie Johnson The International Organization of Securities Commissions has finalised its 18 policy recommendations for the regulation of crypto and...
20 Nov, 2023 EBA speech draws connection between AI and operational resilience By Raza Naeem Terry Yiangou Simon Treacy Amber Heron +1 more... Show less The European Banking Authority has published a speech by its chair, José Manuel Campa, on operational resilience in EU financial...